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Obama to call for middle class tax cut extension

Ok. 800B instead of 1T. I dont see where it supports your claim.
 
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Best stats I can find show just under 15,000 estates a year have to pay a tax.

Most estate are have account/asset consultants so the passing of estates from one generation to another is done in increments to avoid taxes.

It is an estate tax because a man can die, leave his estate to a qualifying charity and the estate isn't taxed. So the dead dude isn't 'taxed' as the upper 1% or so keep trying to insist.

In 2009 about 80 'family farms' had any tax liability on their assets over 3.5 million USD. That means the myth of a 'death tax' killing family farms is false. Around here a big farm being broken up generally means the children don't want to farm due to nice city based careers, or they can't decide how to divide ALL the farm assets so they sold and split the money. (most sold land goes to kin around here so the last name on the deed doesn't change.) Most family farms are diversified in their holdings with stocks and interests in local businesses so it isn't traditional assets in question, it is just easier to sell the land no one wants to work and keeping the stocks and business partnerships.

Anyway, a very few are very upset the land of opportunity doesn't include nobility or charity status for the upper 1%.

I wonder what countries allow multi-million dollar estates to pass untaxed?
 
Ok. 800B instead of 1T. I dont see where it supports your claim.
That $800 was over a decade - $80B per year - not NOW as you asserted. The Dems tried to get the Repos to even agree to that much and they wouldn't. As the article said, "Boehner refused to embrace that figure" in November.


Like I said, your claim is bull.
 
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I did GOOGLE it before I asked . I could not find one instance where the death of anyone was taxed. NOT A SINGLE ONE.

Not one American death was taxed . I cannot locate one example of it.

You are screaming, whining and moaning about something which does not exist.

My mother's death was taxed. I wrote the check.
 
Like everybody HAS an "estate"! :lamo

Your every post shows how far removed you are from the world in which most people live.

You believe that everyone dies broke???
 
Best stats I can find show just under 15,000 estates a year have to pay a tax.

Most estate are have account/asset consultants so the passing of estates from one generation to another is done in increments to avoid taxes.

It is an estate tax because a man can die, leave his estate to a qualifying charity and the estate isn't taxed. So the dead dude isn't 'taxed' as the upper 1% or so keep trying to insist.

In 2009 about 80 'family farms' had any tax liability on their assets over 3.5 million USD. That means the myth of a 'death tax' killing family farms is false. Around here a big farm being broken up generally means the children don't want to farm due to nice city based careers, or they can't decide how to divide ALL the farm assets so they sold and split the money. (most sold land goes to kin around here so the last name on the deed doesn't change.) Most family farms are diversified in their holdings with stocks and interests in local businesses so it isn't traditional assets in question, it is just easier to sell the land no one wants to work and keeping the stocks and business partnerships.

Anyway, a very few are very upset the land of opportunity doesn't include nobility or charity status for the upper 1%.

I wonder what countries allow multi-million dollar estates to pass untaxed?

What's as bad as the tax are the legal and accounting expenses you incur to deal with it.
 
Screaming, whinning and moaning? Rather dramatic IMO.

Tomato/Tomato.

I'll just continue to call it a Death Tax.
and you would be wrong, but if you wish to be ignorant on what it is, that is your business.
 
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no, her estate was taxed, not the act of her death.

Please explain why that's anything other than a semantic difference. What's consequential in your distinction?
 
Please explain why that's anything other than a semantic difference. What's consequential in your distinction?
the act of dying is NOT TAXED...seriously, i dont get what is so hard to understand here. if you paid anything, it is because YOU RECEIVED ASSETS FROM THE ESTATE, WHICH IS 'INCOME' TO YOU. income is taxed in this country.
 
no, her estate was taxed, not the act of her death.
And in actuality wasn't it the inheritance that was taxed?

I mean, if the entire estate had gone to charity there would have been no tax, right?


Ed:
I see you addressed that in your next post. *thumbs up*
 
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the act of dying is NOT TAXED...seriously, i dont get what is so hard to understand here. if you paid anything, it is because YOU RECEIVED ASSETS FROM THE ESTATE, WHICH IS 'INCOME' TO YOU. income is taxed in this country.
Yep! It's just like receiving a gift except you get a bigger deduction for it - a MUCH bigger deduction. :)
 
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the act of dying is NOT TAXED...seriously, i dont get what is so hard to understand here. if you paid anything, it is because YOU RECEIVED ASSETS FROM THE ESTATE, WHICH IS 'INCOME' TO YOU. income is taxed in this country.

There is no "estate" until the person owning the asset DIES. There is no tax until the person DIES. And the Death Tax is NOT a tax on income. I don't understand what is so hard to understand either.
 
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Finally Someone trying to do something for the class that carries this country, in WARS and economically by doing the LABOR and actual WORK...that produces our economy.
Its refreshing to have someone care about those that really need a break and not just slobbering all over themselves sniveling about how very bad the 1% that has 99% has it....


President Obama returns to the tax issue today, with plans to call for a one-year extension of George W. Bush-era tax cuts for the middle class.Obama will again call for letting the Bush tax cuts for the wealthy to expire at the end of the year, saying the revenue can be used to help reduce debt and finance middle class programs like education.
"President Obama today will push for extension of middle class tax cuts," tweeted White House Communications Director Dan Pfeiffer. "Will the GOP join him to provide certainty for 98% of Americans?"


Obama to call for middle class tax cut extension
If the current tax rates, the Obama rates are good why mess with them? Oh yeah. It is that whole class warfare thing. Understood.
 
There is no "estate" until the person owning the asset DIES. There is no tax until the person DIES. And the Death Tax is NOT a tax on income. I don't understand what is so hard to understand either.
There is no tax if all the money goes to charity - what's so hard to understand???

The "estate tax" is essentially a special form of the gift tax that has a HUGE deduction compared to a 'normal' gift.
 
There is no tax if all the money goes to charity - what's so hard to understand???

The "estate tax" is essentially a special form of the gift tax that has a HUGE deduction compared to a 'normal' gift.

I find it highly amusing how liberals react to the moniker "Death Tax". Funny!
 
I find it highly amusing how liberals react to the moniker "Death Tax". Funny!
I find it highly amazing how Repos try to slant things using absurd labels! LOL!


They never could see the difference between government and business so they may as well use Madison Ave like any other well-funded business.
 
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There is no "estate" until the person owning the asset DIES. There is no tax until the person DIES. And the Death Tax is NOT a tax on income. I don't understand what is so hard to understand either.
the only way YOU have to send a check, you personally, is if you recieved assets from the estate. i explained this once already
 
I find it highly amazing how Repos try to slant things with absurd labels! LOL!

They never could see the difference between government and business so they may as well use Madison Ave like any other well-funded business.

There is no more "absurd label" than "Affordable Care Act". But no one is fooled.
 
the only way YOU have to send a check, you personally, is if you recieved assets from the estate. i explained this once already

You may have explained it, but it isn't true. I had to file Form 706 and sign the check as executor of the estate.
 
Like everybody HAS an "estate"! :lamo

Your every post shows how far removed you are from the world in which most people live.

I guess you don't know what the term estate means

ESTATE-is the net worth of a person AT ANY POINT IN TIME. It is the sum of a person's assets-legal rights, interests and entitlements to property of any kind --less all liabilities at that time.


Wiki definition-its also the correct legal definition.

I guess all the people you know are debtors.
 
You may have explained it, but it isn't true. I had to file Form 706 and sign the check as executor of the estate.
You personally paid nothing from your own pocket unless you received assets...
 
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